Hi Gais, the market not really move since yesterday, and today update, still the same as last week, still waiting for my entry to be triggered. More update coming if the market move to my entry.
This buy setup entry is only before nonfarm payroll. Let see how it go. On the red zone, again, that is not a SL, but its just imaginary SL,which is valid if the price close below the redline. I will strict on my active trade to BE if my entry in profit condition.
GOLD IS SET FOR A NEW BULLISH TARGET August 30/2021 XAU/USD will be clinging to the next resistance line as the market sentiment is aimed at achieving a fresh buying power. While the bulls can have a highly substantial amount of factors that could trigger positive market conditions. The bears on the other hand have tested a pullback below support on consecutive...
the next move for gold .. the best time to invest in
2 Possible scenarios. 1. Gold will drop to 1787 area then continue with the bullish trend. Or, 2. It will drop further to retest the major weekly orderblock at 1775 area, which will give us sniper buy entries all the way up. Watch out for these two areas. TP1: 1828 TP2: 1858 TP3: 1900 SL: 1758
OANDA:XAUUSD Has broken the bearish trendline. At this point am expecting the price to go higher towards 1830 - 1850 level. Use proper money management
Ideal scenario that may not occur if bulls arrive early, head and shoulder to support of 1680 to form a double bottom reversal to the upside of 2000+.
Gold selling is overdone on a reaction to feds meeting last week. Bond yields have already dipped back to a new low. Gold hasnt quite reacted yet. Im going to ignore teh small fluctionation on teh way... and LONG GOLD to 1850. 1850 is a very crtical level technically, i will reassess there to understand when to do the BIG SHORT. Buy Gold to 1850 for now.
price now breaking resistance at 1910 based on h4 timeframe. looking forward for price to retest at zone prices 1900-1902 / 1908-1910 for buy order risk when price close below 1900 best stop loss at 1890 lowest. first target 1950 second target 1980 third target 2020 good luck and trade at your own risk :D
Yesterday I posted a short idea for XAU/USD, however because its been in a ranging environment last week, its difficult to really determine what the price will do next. So I thought I'd share an alternative bullish scenario. From a price action point of view, break of the recent high, double bottom and break through structure point to a bullish momentum as...